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Episode 143 - Is Coinbase doomed to fail or is this an undercover buying opp?
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Good morning! This episode ended up being mainly about Coinbase. Goldman Sachs slapped a "Sell" rating on $COIN. Is Coinbase doomed to slide into insolvency with this downward crypto draft we are having? Is all of this manipulated by the institutional investors to kick out the amateurs and bring in the big players with regulatory certainty? Will Goldman Sachs knock down the price of Coinbase and come in an come in and scoop it up cheaply later? Binance seems to be gaining BTC activity while Coinbase is proportionally losing it. Coinbase seems to be in big trouble. However...
Mastercard has just adopted crypto into it's system and is calling Coinbase the place "designed to make crypto more accessible and help the NFT ecosystem keep growing, innovating and bringing in more fans."
So which one is it? What are your thoughts? Either way, now is not the time to be letting your money sit on centralized exchanges. Get your crypto off exchanges and into private wallets!
Sources:
https://twitter.com/BTC_Archive/status/1541723806124883969
https://twitter.com/LitecoinNow/status/1539956864133332992
https://www.mastercard.com/news/perspectives/2022/simple-nft-purchasing-on-nft-marketplaces/
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